Agdapkt 2010-12-06 clsd and regular

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i ATTAC Pa ge 46 • Belmont Ridge, Windsor, Colorado — 185 single family homes Past Representative Projects: • Sunridge Business Park, Calgary, Canada — a 150 acre mixed use business park • The Princeton, Caigary, Alberta — a 150 home, high rise residential condominium • Gateway Offices One, Two, and Three, Denver, Colorado — 250,000 ft of class A office; • Wolf Creek Run, Strasburg, Colorado — 660 single family homes • 88 South Broadway, Millbrae, California — 105 mid rise condominiums • The Canyon Apartments, Austin, Texas — 350 garden apartments • City Center West, Las Vegas, Nevada — 200,000 square feet of class A office • The Denver Technological Center — 800 acre mixed use business park • Renaissance Office Buildings, Phoenix, Arizona — 1,000,000 square feet of Class A high rise office I Financing Plan. The development of the primary off-site and on-site infrastructure �, improvements and related fees will primarily be funded from bond proceeds and cash on hand. The Developer has not and does not plan to obtain any outside financing for on-site vertical construction or marketing. The City has made no evaluafion of the credit or financial stability of the Developer. The City makes no representations concerning the Developer's ability to complete the Projecf or the Developer's ability to financially support the construction and/or sale phases of the Project. No assurance is given by fhe Cify that development of the Project will be completed, or that it will be completed in a timely manner or that the plans or projections detailed in this Official Stafement will be met. Website. Information on Pauls Corporation is available on the internet from its website at www.thepaulscorporation.com. The website address is given for reference and convenience only; the information on the websites may be incomplete or inaccurate and has not been reviewed by the City or the Underwriter. Nothing on the website is a part of this Official Statement or incorporated into this Official Statement by reference. APPRAISAL OF PROPERTY WITHIN THE DISTRICT The Appraisal General. Seevers Jordan Ziegenmeyer, Rocklin, California (the "Appraiser") prepared an appraisal report dated October 20, 2010, with a date of value of October 20, 2010 (the "Appraisal"). The Appraisal was prepared at the request of the City. The Appraisal is set forth in APPENDIX B hereto. The description herein of the Appraisal is intended for limited purposes only; the Appraisal should be read in its entirety. The complete Appraisal is on file with the City and is available for public inspection at the finance department of the City offices at 1017 Middlefield Road, Redwood City California 94063 or from the Underwriter during the initial marketing period. The conclusions reached in the Appraisal are subject to certain assumptions and qualifications which are set forth in the Appraisal. -32-